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REFERENCE: Ref.03_15 Utah Inc.obtained All of the Outstanding Common Stock of Trimmer

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REFERENCE: Ref.03_15
Utah Inc.obtained all of the outstanding common stock of Trimmer Corp.on January 1,2009.At that date,Trimmer owned only three assets and had no liabilities:
SHAPE \* MERGEFORMAT
$REFERENCE: Ref.03_15 Utah Inc.obtained all of the outstanding common stock of Trimmer Corp.on January 1,2009.At that date,Trimmer owned only three assets and had no liabilities: SHAPE \* MERGEFORMAT -If Utah paid $264,000 in cash for Trimmer,and the original transaction occurred on January 1,2008 under SFAS 141,what allocation should have been assigned to the subsidiary's Building account and its Equipment account in a December 31,2010 consolidation? The fair value of net assets is $288,000.$
-If Utah paid $264,000 in cash for Trimmer,and the original transaction occurred on January 1,2008 under SFAS 141,what allocation should have been assigned to the subsidiary's Building account and its Equipment account in a December 31,2010 consolidation? The fair value of net assets is $288,000.

Definitions:

Unit Fixed Costs

Costs that remain constant for a product regardless of how many units are produced or sold.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Incremental Revenue

Additional income generated from selling more units of a product or from launching a new product or service.

Relevant Information

Information that is applicable and crucial to the decision-making process, having the ability to affect the outcome of a decision.